The new report by Expert Market Research titled, ‘Global Potable Power station Market Trends, Size, Share, Scope, Outlook, Report and Forecast 2023-2028’, gives an in-depth analysis of the global potable power station market. It assesses the market based on its segments like type, capacities, technology, distribution channels, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 330.2 million
• Forecast CAGR (2023-2028): 8.01%
• Forecast Market Size (2027): USD 520.7 million
The growing frequency of power outages as a result of extreme weather events such as storms is driving up demand for portable power stations that can be used indoors.
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Furthermore, the market is being fuelled by the rising demand for high-quality and safe portable power stations to prevent leakage and accidents. The development of cost-effective and dependable portable power stations is accelerating the market’s growth.
The market is growing due to the increasing use of battery management systems in portable power stations. They provide solutions for short-circuit protection, overcharge protection, and thermal charge protection, as well as to improve their safety.
Furthermore, such systems monitor the health of batteries and cells in order to extend battery life, contributing significantly to market growth. Battery management systems also allow for the most efficient use of residual energy while improving the overall durability of portable power stations, boosting the industry’s growth.
Portable Power Station Industry Definition and Major Segments
A portable power station is a transportable power source that generates electricity from rechargeable batteries for outdoor and emergency use. It is safer and easier to use than traditional power generators. Portable power stations are increasingly being used to provide power in challenging conditions as interest in outdoor activities such as camping grows.
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On the basis of types of power, the segments are:
• Direct Power
• Hybrid Power
By technology, the market is divided into:
• Sealed Lead-Acid
The market can be categorised based on its capacities into:
• Less than 500 Wh
• 501-1,000 Wh
• 1,001-1,500 Wh
• Above 1,500 Wh
On the basis of application segments, the market is categorised into:
• Emergency Power
• Off-Grid Power
Based on distribution channels, the market is bifurcated into:
• Direct Sales
The regional markets include:
• North America
• The Asia Pacific
• Latin America
• The Middle East
Portable Power Station Market Trends
The demand for lightweight portable power stations that can be used in a variety of indoor and outdoor settings is driving growth in the market. As people acquire more and more gadgets, the demand for portable power stations with multiple output ports is growing. This is also propelling the industry forward by increasing demand for portable power stations with large battery capacities to support the operation of energy-intensive devices.
A surge in the deployment of lithium-ion technology to provide optimal energy to electronics products is being driven by rising demand for battery-powered portable power stations. As lithium-ion batteries do not emit carbon monoxide, they are becoming more popular for environmentally friendly operations.
Furthermore, because they do not emit gas, they can be used as an energy source in both indoor and volatile applications. The market is expected to grow due to the development of lithium-ion technology integrated portable power stations that recharge using solar energy.
Key Market Players
The major players in the market are :
- Goal Zero LLC,
- Jackery Inc.,
- Fantasia Trading LLC,
- Battery-Biz, Inc.,
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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